Our sectors
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Education
Our remit in the education sector is fairly wide as we report on the value of the existing building, development costs and the likely value of all facilities. At Building Reinstatement Valuations we predominately work within schools, colleges and university campuses to provide building reinstatement valuations for buildings of different ages and functions, including, but not limited to, traditional college buildings, sports facilities and modern campuses.
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Commercial/Industrial
A reinstatement cost assessment for commercial properties is used to accurately calculate the potential cost to rebuild in the event of a fire, flood or other catastrophic events. At Building Reinstatement Valuations we make it our priority to ensure your commercial property’s value is accurately assessed, carrying out a fully compliant reinstatement cost assessment adhering to RICS guidelines. Providing an adequate insurance policy is usually a requirement of a commercial lease.
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Historic/Heritage
Building Reinstatement Valuations take a proactive approach in our involvement within the insurance valuations of numerous listed buildings across the UK. From our in-depth work across period properties, manor houses, historic halls and stately homes, we understand the special characteristics that make a historic building simply unique and therefore aim to protect all features through our accurate building reinstatement valuations of historic properties and heritage buildings.
“Building Reinstatement Valuations provided us with complete peace of mind and where there every step of the way”
FAQs
What does a building reinstatement valuation do?
A building reinstatement valuation aims to accurately estimate the cost to rebuild a property following total destruction. Our team of experienced surveyors are able to undertake an accurate building reinstatement valuation in order to eliminate risks associated with under insurance, to put a value on the demolition and subsequent rebuilding to the same standard while avoiding payment of excessive premiums over insurance.
Why should you not rely on the market value of your property?
The cost to rebuild a property can vary greatly, leaving a huge scope in the value of build costs. Here at Building Reinstatement Valuations we propose you avoiding using the market value of your property when purchasing building insurance due to the great variation. We also recommend that you have a reinstatement valuation undertaken every few years to ensure the figure provided to your insurance company is still accurate and valid.
What is the purpose of a building reinstatement valuation?
To provide peace of mind, asset security and maximum protection in the event of a fire, flood or other catastrophic event. A building reinstatement valuation is required to ensure an accurate reconstruction value of your property including costs of clearing, materials, labour and any professional fees and is the estimated amount for which your building should be insured and the cost associated with the reinstatement should it be destroyed.